Reports
Global Silicone Coating Market: By Product: Silicone Additives, Silicone Water Repellents, Silicone Polymers, 100% Silicone; By Application: Building and Construction, Consumer Goods, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Silicone Coating Market Outlook
The global silicone coating market attained a value of USD 5.85 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 6.1% to reach USD 8.33 billion by 2028.
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The Building and Construction Segment to Account for a Substantial Market Share of the Global Silicone Coating Industry
The building and construction segment is projected to account for a substantial share of the global silicone coating industry due to the rapid urbanisation and the growing prevalence of residential and commercial real estate around the world. Furthermore, new government rules and regulations have prompted the protection of old building structures, which is key in increasing the demand for silicone coating. Additionally, silicone coatings are being used for waterproofing roofs and walls and providing thermal and chemical resistance to buildings. These properties have also augmented the growth of the silicone coating industry. Meanwhile, the growing investments in construction projects have enhanced the demand for silicone coatings because of their reliability and quality. This has significantly contributed to the growth of the silicone coating industry.
The Asia Pacific to Provide Significant Growth Opportunities to the Silicone Coating Industry
Geographically, the Asia Pacific is projected to account for a significant share in the industry owing to new regulations and increased government investments to encourage the adoption of silicone coating across the region. The favourable government policies such as the new residential construction projects in China because of their developing middle class and the Indian government’s plan to create hundred new smart cities are expected to aid the silicone coating industry growth. Meanwhile, the Asia Pacific is expected to witness a robust growth in the forecast period due to the growing consumer goods industry, which is being supported by the factors like advancements in technology, extensive research and development activities, and growing Chinese production.
Silicone Coating: Market Segmentation
Silicone coatings are hydrophobic covalently bonded coatings that are formed when silicone films are applied to silica-based substrates. They possess properties like UV, chemical and thermal resistance along with strong adhesion to low temperature surfaces. Furthermore, the composition and attributes of silicone coatings can be altered by adding fillers or tailoring the chemical structure of the precursors that makes it among the most useful materials for a wide variety of applications.
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By product, the market is divided into:
- Silicone Additives
- Silicone Water Repellents
- Silicone Polymers
- 100% Silicone
Based on application, the industry can be segmented into:
- Building and Construction
- Consumer Goods
- Automotive and Transportation
- Industrial Application
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Environmental Concerns to Bolster the Growth of the Silicone Coating Industry
The global silicone coating industry is being driven by the increasing demand for eco-friendly coating across the globe. The rising environmental concern and the increasing global demand for green buildings in combination with stringent VOC regulations are supporting the growth of the industry. Additionally, the favourable government initiatives, particularly in North America and Europe, have further boosted the demand for silicone coating in repair work in the automotive and transportation segment. Over the forecast period, the rising disposable income and technological advancements are expected to favour the growth of the automotive and transportation industry, which, in turn, is expected to significantly contribute to the global silicone coating industry growth.
Key Industry Players in the Global Silicone Coating Market
The report gives a detailed analysis of the following key players in the global silicone coating market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Evonik Industries AG
- Wacker Chemie AG
- Shin-Etsu Chemical Co., Ltd.
- Carboline Company
- The Dow Chemical Company
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region |
| Breakup by Product | Silicone Additives, Silicone Water Repellents, Silicone Polymers, 100% Silicone |
| Breakup by Application | Building and Construction, Consumer Goods, Automotive and Transportation, Industrial Application |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Evonik Industries AG, Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., Carboline Company, The Dow Chemical Company, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Silicone Coating Market Analysis
8.1 Key Industry Highlights
8.2 Global Silicone Coating Historical Market (2018-2022)
8.3 Global Silicone Coating Market Forecast (2023-2028)
8.4 Global Silicone Coating Market by Product
8.4.1 Silicone Additives
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Silicone Water Repellents
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Silicone Polymers
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 100% Silicone
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.5 Global Silicone Coating Market by Application
8.5.1 Building and Construction
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Consumer Goods
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Automotive and Transportation
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Industrial Application
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.6 Global Silicone Coating Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Silicone Coating Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Silicone Coating Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Silicone Coating Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Silicone Coating Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Silicone Coating Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Evonik Industries AG
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Wacker Chemie AG
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Shin-Etsu Chemical Co., Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Carboline Company
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 The Dow Chemical Company
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Silicone Coating Market: Key Industry Highlights, 2018 and 2028
2. Global Silicone Coating Historical Market: Breakup by Product (USD Billion), 2018-2022
3. Global Silicone Coating Market Forecast: Breakup by Product (USD Billion), 2023-2028
4. Global Silicone Coating Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Silicone Coating Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Silicone Coating Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Silicone Coating Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Global Silicone Coating Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Global Silicone Coating Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Global Silicone Coating Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Global Silicone Coating Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Global Silicone Coating Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Global Silicone Coating Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Global Silicone Coating Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Global Silicone Coating Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Global Silicone Coating Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Global Silicone Coating Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Silicone Coating Market Structure
Key Questions Answered in the Report
In 2022, the market attained a value of approximately USD 5.85 billion.
The market is projected to grow at a CAGR of 6.1% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 8.33 billion by 2028.
The major drivers of the market include the rapid urbanisation, growing automotive and transportation market, rules and regulations by various governments, technological advancements, and increasing construction projects.
The key trends guiding the growth of the market include the growing environmental concerns, extensive research and development activities, and the increasing global demand for green buildings in combination with stringent VOC regulations.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various products in the market are silicone additives, silicone water repellents, silicone polymers, and 100% silicone.
The significant applications in the market include building and construction, consumer goods, automotive and transportation, and industrial application.
The key players in the global silicone coating market are Evonik Industries AG, Wacker Chemie AG, Shin-Etsu Chemical Co. Ltd., Carboline Company, and The Dow Chemical Company, among others.
Analyst Review
The global silicone coating market attained a value of nearly USD 5.85 billion in 2022, driven by rapid urbanisation. Aided by increasing environmental concerns and global demand for green buildings, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6.1%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product, the global silicone coating market is divided into silicone additives, silicone water repellents, silicone polymers, and 100% silicone. Based on application, the industry can be segmented into building and construction, consumer goods, automotive and transportation, and industrial application. The major regional markets for silicone coating are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Evonik Industries AG, Wacker Chemie AG, Shin-Etsu Chemical Co. Ltd., Carboline Company, and The Dow Chemical Company, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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